TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), has appointed Manuel Martin as co-head of its US Retail Sector platform.
He joins US co-head John Ragland in leading the company’s dedicated retail sector investment team and overseeing all retail equity acquisitions, dispositions and asset management in the US. After a 40-year career in real estate, Ragland will retire in February 2019.
Martin is an 18-year year real estate industry veteran with deep acquisition and asset management expertise in the European, US and Latin American retail areas. As co-head of the US retail strategy, Martin will help to lead of team of investment and operations professionals that provide deep specialist investment expertise in the retail sector.
“Manuel’s considerable retail investment experience will help us to deliver investment excellence to our clients and further align our US retail capabilities under a single cohesive platform. We look forward to the benefit of his co-leadership with John in this important focus area,” said Chris McGibbon, head of TH Real Estate, Americas.
Martin was previously head of the company’s South East Region in US and Latin America, where he was responsible for all investment activities and portfolio operations. Prior to this role, as head of Spain and Portugal, he led the expansion of the firm’s European retail platform to approximately $2 billion in assets. Before joining TH Real Estate in 2007, he held asset management and consulting roles at Unibail Rodamco and BNP Paribas Real Estate.
TH Real Estate’s sector strategies in retail, housing, office and industrial properties seek to provide clients with a range of investment solutions across the capital markets, backed specialist expertise and deep industry knowledge. Strategies are led by sector leaders who each drive investment strategy, transactions, operations, and engineering in their respective areas. In addition to Martin and Ragland, those sector leaders include:
- John Cornuke, who will continue to lead the Office Team and work on building a premier Office investment platform that competes amongst the leading vertically integrated office companies in the world.
- Gray Bouchillon, who will continue to lead the Industrial Team and work to establish a vertically integrated, best-in-class group responsible for all Industrial related investments including Self Storage and Data Centers.
- Jay Martha, who will continue to lead the Housing Team and expand TH Real Estate’s expertise to a wide range of housing investments, including Senior, Student, Manufactured, Multi-family and Hospitality.
TH Real Estate is the 2nd largest investment manager of retail globally and the 4th largest for US retail, based on AUM* IPE. The company has $41.2bn retail AUM globally, with $19.4bn AUM in the US in equity and debt. With a highly diversified US retail equity portfolio of $11.1bn, representing 89 investments, TH Real Estate has acquired 41 retail investments since 2011, averaging $1.5bn to $2bn of acquisitions per year in five subtypes and 40 markets.